Estimates Committee A - Answers to Questions Fifty-First Parliament, Second Session (51-2) 51 2 Parliament of South Australia Estimates Committee A - Answers to Questions published Estimates Replies Treasury and Finance, Hedge Funds TREASURY AND FINANCE, HEDGE FUNDS In reply to Mr HAMILTON-SMITH House of Assembly Waite Leader of the Opposition TREASURY AND FINANCE, HEDGE FUNDS In reply to Mr HAMILTON-SMITH (Waite—Leader of the Opposition) (25 June 2008). The Hon. K.O. FOLEY House of Assembly Port Adelaide Deputy Premier Minister for Industry and Trade Minister for Federal/State Relations TREASURY AND FINANCE, HEDGE FUNDS The Hon. K.O. FOLEY (Port Adelaide—Deputy Premier, Treasurer, Minister for Industry and Trade, Minister for Federal/State Relations): I am advised that both South Australian Government Financing Authority (SAFA) and Funds SA have not invested in or hedged any of their funds either directly or indirectly through the following hedge funds: Macquarie Bank's Fortress Funds; Bear Stearns; Basis Capital; Goldman Sachs; Cheyne Finance; Landesbank Sachsen; BNP Paribas; or any other hedge fund exposed to that market. South Australian Government Captive Insurance Corporation's (SAICORP) funds now form part of SAFA following the amalgamation of SAFA and SAICORP on 1 July 2006.